- draw a fib retrace from previous low to high
- buy at 38% dip
- in uptrend market/stock comes to an 38% dip fibnoci retracement, so buy at these levels
- stoploss below 38% dip
- target =previous high-low difference add to 38% buy entry
- or target 1%. 2%,3% as respectively
- 61.8% is the maximum dip point in uptrend
- always go with trend with stoploss, go with majority of nse ascend and descend
- if nse ascend descend ratio is 33 out of 50 is a good time to enter the market, the market is uptrend day, that is 2/3 have ascend or descend ratio which is more is the trend of the day
- in uptrend day place stoploss at 38.2% or 50% or 68.8% maximum to protect the trend
- open high low same, not necessary for uptrend
- In uptrend todays low is above pre.close/yesterday
- in uptrend cutting 38.2% is going to be a down trend or reversal so keep stoploss always at 38.2%
- Today i buy ambuja cement at 233.7 and sell at 239.75 gain 6 rs
- low below pre.close/yesterday
- low =close, open =low open and low up and down of close , close between open and low
Monday, February 6, 2017
my trading plan1
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment